Monday, May 18, 2015

Forex USD/CHF

Summary : Target Level : 0.9079Target Period : 3 days
Analysis :
Descending Triangle identified at 15-May-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.908 within the next 3 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 0.9256Last resistance turning point of Descending Triangle.

Support Levels
( A ) 0.9079Last support turning point of Descending Triangle.